18.9 Percent of Orange County Homeowners Have Loans Higher Than Value

By
Real Estate Agent with Keller Williams Realty

18.9 Percent of Orange County Homeowners Have Loans Higher Than Value

18.9 percent of Orange County homeowners owe more on their loans than their homes value(underwater). This is almost one in 5. To some this is a difficult position. It is tragic. With about 1 in 5 people in California either unemployed or underemployed this condition is serious.

Most are looking for a silver lining and the positive news. I to want the positive news. It is difficult when thing are as bad as they are here. Little is done to help with building a job base or to help small businesses. Instead we have a state that is driving small businesses out of the area.

Prices continue to drop on homes and those that are selling are moving down in size or distress properties. It does seem that many believe that if they do not focus on the problem and do not give the situation energy it will go away. Life does not work that way.

Posted by

Elite Home Sales Team

Instant MLS Listings & "Free" Market Analysis

Mark Paulson and Tim Lorenz

www.markandtim.com

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Topic:
Real Estate Market Trends
Location:
California Orange County San Clemente
Groups:
Southern California Real Estate Forum
Everything California
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slow market

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Rainmaker
639,029
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Thanks Jon.

March 25, 2012 08:21 AM
Rainmaker
639,029
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Charles

I really do hope that you are correct.

March 25, 2012 08:22 AM
Rainmaker
639,029
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Dan

Thank you for your kind comments.

March 25, 2012 08:23 AM
Rainmaker
691,092
Ann Hayden
SelectAnn.com
Prudential Select Properties-St. Louis Missouri

Mark,

I think small business need some incentives.  I also think the big retailers need to pay for insurance on their employees so the small business that do can compete.

Ann Hayden in Wildwood, MO

April 05, 2012 08:26 PM
Rainmaker
639,029
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Ann

I see no problem with some small business incentives. 

April 07, 2012 08:07 AM
Anonymous
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Over 40 Years Experience Representing Real Estate Investors and South Orange County Home Owners. We are Successful Real Estate Negotiators Networking to Deliver Results! www.markandtim.com